MediaNet Group Technologies, Inc.: MediaNet Group Completes Private Placement Led by Noble Financial Group; Leading Online Mall Developer Funded Through Anticipated Profitability

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MARGATE, FL (MARKET WIRE) MediaNet Group Technologies, Inc. (OTCBB: MEDG), a leading developer of private branded web malls and online affinity programs through its BSP Rewards subsidiary, announced today that it has completed a private placement of 6 million shares of common stock to a group of new and existing institutional and accredited investors for approximately $600,000 in gross proceeds. Noble Financial Group acted as the lead placement agent in the transaction.

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